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Direxion Daily S&P 500 Bear 1X Shares ETF (AMEX:SPDN) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Direxion Daily S&P 500 Bear 1X Shares ETF (AMEX:SPDN) seasonal charts above shows that a Buy Date of December 13 and a Sell Date of March 22 has resulted in a geometric average return of 4.71% above the benchmark rate of the S&P 500 Total Return Index over the past 5 years. This seasonal timeframe has shown positive results compared to the benchmark in 2 of those periods. This is a poor rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 5 years by an average of 34.62% per year.

A word of caution: Only 5 years of data is available for shares of SPDN, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

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